**Trade#: 2
*Strategy: 5-minute ORB long
*Window of opportunity: 164.78
*Stop loss: Break of premarket low
*Target1: 161 Target2: 162 Target3: 163 Target4: 164
*Exit1: 162.05 Exit2: 161.9203
*Description- What was the result of the trade? Profit.
*Feelings- What were your feelings during the trade? Eager to get back in if the setup presented.
*Evaluation- What was good or bad about the trade? Good: Opening range high was broken for a second time and confirmed. SPY bounced off the 5-minute 200 SMA. Bad: Moving averages were in the way.
*Analysis- Does the trade make sense to you now that it is over? Yes.
*Conclusion- What is the final judgement of the trade? This was a long hold that took time to reach my profit target. But I was patient and allowed the trade to work out.
*Action Plan- How are you going to avoid the mistakes you made on this trade? How are you going to make sure you get the same results the next time if the trade was good? Continue to take the setup as it appears and practice excellent risk management.
*Trade Management: Strategy xGo _No Go | Risk Identified xGo _No Go | Profit Targets xGo _No Go
*Trade Execution: Entry xGo _No Go | Profit Targets/Stop Respected xGo _No Go
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-11-11 11:41:37 | NVDA | buy | $159.160 | long |
2022-11-11 13:22:15 | NVDA | sell | $162.050 | long |
2022-11-11 13:45:55 | NVDA | sell | $161.920 | 0 |
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